As you well know the buy to let landlord is completely frustrated with the lending situation we face today.  We have been fighting it for the last 3 years and battled away with a so so result. 

 

Yes you can get finance but it seems the lenders are having it all their own way. 

 

Survey costs doubled,

arrangement fees trebled and

margins over base quadrupled!

 

There has only been one winner and that is the BANK.

 

Well I am fed up.  It has been a long time coming.  Buy to let landlords are nothing without the ready supply of finance.  You need finance to expand, consolidate, duck and dive!  I have some unsecured finance I want to refinance because of my buying sprees a couple of years ago.

 

I am 100% sure you are facing the same problem.  Now I have hinted that I was going to roll my sleeves up and get in to the detail of the world of alternative finance.  This includes private finance, commercial finance, niche lending, bridging finance and structured finance.  I am going out there and finding us all some MONIES!

 

I have already started.  I have found:

 

• A 100% lender who will lend 100% of the purchase price as long as the property values in excess of the purchase price
• TWO 75% lenders who actually have sensible surveyors on their panel.  If you use these lenders instead of some other well known lender you will actually get the properties valued up and get keys in your hand.
• A lender who lends 75% with no minimum value.
• 3 lenders who do not employ the 6 month rule

 

I will be keeping a finance diary where I will detail exactly who I speak to who, who the lenders are and any contact details I gather along the way.  You can be along for the ride, pick up all the info I gather and capitalise on for your own benefit.

 

I will keep a diary and post it within propertyhotspots.net.  You can access this by joining here and then going to the page called finance diary. 

 

Here is a screen shot:

 

 

You will get all my research, findings and most importantly the actual contact details to get the finance I actually talk about.  It will be like as if you were actually there at the meeting.

 

Any lender I speak to will be aware of this finance diary so when you call them up you can mention you know me which will avoid the awkward question from the lender of “Who are you?”!

 

In my finance diary currently there are:

 

1. The exact contact details of my relationship manager of my commercial lender
2. The mobile number of the relationship manager who offered me no minimum value lending
3. The telephone number and website of the 100% lender
4. Links to the 2 new building societies willing to lend 75%
5. the 3 lenders that do not employ the 6 month rule.

 

I will be adding to it every week.  I will be updating my Finance Diary as and when I get the information.

 

To view the information visit the discussion forums within propertyhotspots.net and see “Ajay’s Finance Diary”.

 

To join propertyhotspots.net costs only £5 for the first 14 days and then £37 per month thereafter NO MINIMUM CONTRACT.

 

Read my Finance Diary Now!

 

Ajay

 

PS You will get a copy of my new book worth £14.99 PLUS the first part of my training package (4 CDs, Calculator & Seminar Pass) completely FREE!

 

 

Posted on: 3rd May 2010

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